Cash flow is critical for companies as it allows them to fulfil any immediate or unexpected obligations. Andy Lilley, Managing Director – Invoice to Cash Solutions at BlackLine, discusses how finance managers can ensure their organizations are resilient to future shocks, and able to maintain a strong cash position while enhancing security, agility and growth prospects.
The past four years have produced the most volatile economic environment since The Great Recession. The sharp economic contraction caused by the COVID-19 pandemic was quickly followed by supply chain disruptions, surges in inflation, rising interest rates, geoeconomic confrontations, energy crises, failing banks, and labour shortages.
Now, with interest rates steadying and inflation globally predicted to fall in 2024, it’s tempting to celebrate any green shoots of economic recovery. However, a closer look reveals a more nuanced reality: while some indicators suggest a path towards economic stability, warnings of potential weakness persist. In fact, 56% of Chief Economists expect the global economy to weaken in the coming year, underscoring the uncertainty that businesses continue to face.
Read more at International Accounting Bulletin blog here
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